TotalEnergies (NYSE:TTE) Shares Down 3.1%

Shares of TotalEnergies SE (NYSE:TTE) were down 3.1% during mid-day trading on Friday . The stock traded as low as $66.44 and last traded at $66.52. Approximately 130,631 shares were traded during trading, a decline of 91% from the average daily volume of 1,469,181 shares. The stock had previously closed at $68.64.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TTE shares. Royal Bank of Canada lowered their target price on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research note on Thursday, July 20th. Citigroup assumed coverage on TotalEnergies in a research note on Wednesday, August 30th. They issued a “neutral” rating for the company. Finally, TD Cowen reduced their price target on TotalEnergies from $59.00 to $58.00 and set a “market perform” rating on the stock in a report on Thursday, August 17th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $64.57.

TotalEnergies Price Performance

The company has a current ratio of 1.15, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $163.10 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 0.76 and a beta of 0.74. The firm has a 50 day moving average price of $65.37 and a 200 day moving average price of $61.77.

Institutional Investors Weigh In On TotalEnergies

A number of institutional investors have recently bought and sold shares of the business. BDO Wealth Advisors LLC grew its position in shares of TotalEnergies by 509.3% during the second quarter. BDO Wealth Advisors LLC now owns 457 shares of the company’s stock valued at $26,000 after purchasing an additional 382 shares in the last quarter. Sandy Spring Bank bought a new position in shares of TotalEnergies in the 1st quarter valued at about $27,000. Arlington Partners LLC bought a new position in shares of TotalEnergies in the 1st quarter valued at about $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of TotalEnergies by 584.1% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 472 shares of the company’s stock valued at $28,000 after acquiring an additional 403 shares during the last quarter. Finally, Arlington Trust Co LLC bought a new position in shares of TotalEnergies in the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 6.53% of the company’s stock.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets fuels, natural gas, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services segments.